drill programGalahad Prepares for Regcourt Drilling
OTTAWA, ONTARIO--(Marketwire - Sept. 22, 2010) - Galahad Metals Inc.
("GAX") (TSX VENTURE:GAX) is pleased to announce that technicians from the
geological consulting firm of MRB & Associates (MRB) of Val-d'Or (Quebec)
have visited the Regcourt Property, confirmed that the site is suitable for
a fall diamond-drilling programme, and have proceeded to spot the
drill-collar locations.
On behalf of Galahad, MRB has also initiated discussions with local First
Nation representatives to secure permission to drill in the area, which
falls within their traditional hunting grounds. Early indications are that
the drill program will be permitted to proceed as planned; however, Galahad
has decided to delay commencement of drilling until October 25th, so as not
to interfere with the local moose hunting season.
The planned exploration campaign will comprise 9 holes and total 2,350
metres. The programme is designed to explore and validate historic drill-
and underground-intersections around the abandoned Regcourt Mine, and to
target the projected downward extensions of veins and other planar
mineralized structures, especially along their interpreted, linear
intersection zones.
As previously reported by Galahad, the gold mineralization at the historic
Regcourt Mine is hosted in shear-zone-associated quartz veins in close
proximity to a granodiorite intrusion, typical of many of the gold mines in
the Val d'Or Gold Camp. A preliminary review of the historic data,
projected in a 3-D model, indicates that the mineralized vein system
continues below the historic workings, which only reached 165 metres.
The Regcourt deposit was discovered on surface in 1944 with the principle
vein yielding an average gold grade of 8.13 g/t over an average width of
0.76 m along a strike length of 67 m. Underground development from 1944-46
comprised excavating a 544 foot shaft and 1,317 feet of cross-cuts and
drifts that allowed underground exploration of the deposit. An historic
mineral inventory of 61,000 tonnes gold @ 5.49 g/t (10,766 ounces Au) was
estimated by a Toronto-based consulting firm in 1983. As this is an
historical estimate and was not prepared in compliance with the NI 43-101
requirements, it cannot be relied on.
John Langton M.Sc., P. Geo, of MRB & Associates, Val d'Or, QC., is the
Qualified Person as defined by National Instrument 43-101 for the Regcourt
Project and has approved the contents of this release.
"The statements in this Press Release may contain forward looking
statements that involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
projections. The TSX Venture Exchange has not approved or disapproved of
the information contained in this Press Release."